🔍 Chart Overview:
NEAR has been trading inside a well-defined falling channel since mid-May. Price has consistently respected both the upper and lower trendlines, confirming this as a dominant structure.
🔵 Key Zones:
Support Zone (~$1.85–$1.95): Multiple bounce reactions (R1 in April & R2 in June) confirm this zone as a strong demand area.
Current Price Action: Price recently bounced off support and is now pressing against the upper channel boundary (~$2.25). A breakout here could be the first bullish signal in months.
📌 Indicators:
Stoch RSI: Curling upward, currently at 57.18 – suggesting bullish momentum is building.
Volume: Slight uptick in volume on the latest push – worth watching for confirmation.
🧠 Strategy Notes:
Bullish Scenario: Break and close above the descending resistance could lead to a run toward $2.60–$2.90 range.
Bearish Scenario: Rejection here would keep the downtrend intact, with price likely retesting the support zone again.
🛠️ Pattern in Play:
Descending Channel
Double Bottom Potential @ Support Zone
NEAR has been trading inside a well-defined falling channel since mid-May. Price has consistently respected both the upper and lower trendlines, confirming this as a dominant structure.
🔵 Key Zones:
Support Zone (~$1.85–$1.95): Multiple bounce reactions (R1 in April & R2 in June) confirm this zone as a strong demand area.
Current Price Action: Price recently bounced off support and is now pressing against the upper channel boundary (~$2.25). A breakout here could be the first bullish signal in months.
📌 Indicators:
Stoch RSI: Curling upward, currently at 57.18 – suggesting bullish momentum is building.
Volume: Slight uptick in volume on the latest push – worth watching for confirmation.
🧠 Strategy Notes:
Bullish Scenario: Break and close above the descending resistance could lead to a run toward $2.60–$2.90 range.
Bearish Scenario: Rejection here would keep the downtrend intact, with price likely retesting the support zone again.
🛠️ Pattern in Play:
Descending Channel
Double Bottom Potential @ Support Zone
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Pernyataan Penyangkalan
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Explore 5,000 Strategies at quanttradingpro.com
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.